| Author |
Message |
|
BigJim#1-8
Contributor
Joined: Fri May 21, 2010 4:55 pm
Posts: 89
Given: 256 thanks
Received: 36 thanks
|
 $50,000 Cash-What PM's Got an interesting question posed to me today.
Someone asked what I would buy in PM's if I had $50,000 cash.(He does)
Being far from an expert I told him to look on Tulving's site.
How would you do it?? By the way,he only wants bullion,no numismatics.
Thanks for your time.
GOD BLESS OUR TROOPS!!!
|
| Thu Jul 29, 2010 12:57 pm |
|
|
|
ArchitectJS
Bronze Member
Joined: Sun May 23, 2010 4:25 pm
Posts: 180
Given: 47 thanks
Received: 67 thanks
|
Re: $50,000 Cash-What PM's 50% gold, Maples and Eagles. All denominations, 1oz, 1/2, 1/4 & 1/10
50% silver- further subdivided, 50% silver eagles & maples, 25% generic, 25% 90% coin.
|
| Thu Jul 29, 2010 1:07 pm |
|
|
|
fullsafe
Bronze Member
Joined: Mon Mar 30, 2009 3:30 am
Posts: 783
Location: Southwest
Given: 1220 thanks
Received: 525 thanks
|
Re: $50,000 Cash-What PM's First thing I'd do is make a round of the LCS's in the area or drive to the biggest city and acquaint myself with them. Then I'd buy "coins of the realm" which were either circulated or not but had no sales tax implied because it was an "exchange" of funds. Then I'd be sure to indicate that I had 50k to leave behind and I promise I would walk out the door with more ounces than if I went to Tulving etal.
On top of that I'd save 15 to 28 % tax when I sold because Only I knew what my cost basis was.
|
| Thu Jul 29, 2010 1:57 pm |
|
|
|
Tribal Warrior
Bronze Member
Joined: Sat Apr 04, 2009 10:29 am
Posts: 702
Location: Northern Indiana
Given: 12 thanks
Received: 172 thanks
|
Re: $50,000 Cash-What PM's Buy 10oz. gold bar, maybe some 1oz gold coins, then buy 10oz. silver bars, with $5000 buy up ASE's.
90% is nice, but it's harder to get that spot price for it, whereas the .999 you can usually get spot or even a premium from some buyers.
|
| Thu Jul 29, 2010 6:38 pm |
|
|
|
faithnotwork
Bronze Member
Joined: Sat Mar 21, 2009 8:13 am
Posts: 758
Given: 772 thanks
Received: 685 thanks
|
Re: $50,000 Cash-What PM's BigJim#1-8 wrote: Got an interesting question posed to me today.
Someone asked what I would buy in PM's if I had $50,000 cash.(He does)
Being far from an expert I told him to look on Tulving's site.
How would you do it?? By the way,he only wants bullion,no numismatics.
Thanks for your time.
GOD BLESS OUR TROOPS!!! 10k in 90% silver 10k in .999 ASE 10k in .999 Other silver (1 oz only) 5 k in 1/10 oz Gold Eagle 5 k in 1/4 oz Gold Eagle 5 k in 1/2 oz Gold Eagle 5 k in 1 oz Gold Eagle If PMs go up, you will have a very hard time getting someone to pay out for 10 oz gold bar. So this approach allows easy liquidity, but of course requires more storage. The other thing I would do is to keep his purchases under 5k with any dealer. And do it mostly through local dealers. Not online with major players that will end up sharing customer information
|
| Fri Jul 30, 2010 6:21 am |
|
|
|
ancona
Silver Member
Joined: Mon Mar 23, 2009 5:41 am
Posts: 1548
Given: 1890 thanks
Received: 1822 thanks
|
Re: $50,000 Cash-What PM's 35,000 in silver
10,000 in food/clothing/general prepe.
5,000 in ammo/gun parts and spares.
But that's just me.
_________________
Mark Ancona
"Perfer et obdura; dolor hic tibi proderit olim"
|
| Sat Jul 31, 2010 6:57 am |
|
|
|
sunsetcliff
Platinum Member
Joined: Tue Mar 31, 2009 10:55 am
Posts: 4247
Location: USA
Given: 1812 thanks
Received: 1209 thanks
|
Re: $50,000 Cash-What PM's what about T-bills?
_________________
- Hello
|
| Sat Jul 31, 2010 7:54 am |
|
|
|
Milomorai
Silver Member
Joined: Sat Jun 27, 2009 7:00 pm
Posts: 1543
Location: Kansas
Given: 1669 thanks
Received: 800 thanks
|
Re: $50,000 Cash-What PM's $44,000 for 2 monster boxes of ASE's give or take a few pennies http://www.apmex.com/Product/30112/2008 ... Box__.aspx3 bags of these (my fav's) http://www.apmex.com/Product/10427/100_ ... Dimes.aspxand with the rest take your girl out and buy an expensive dinner Here.  http://www.le-bernardin.com/
_________________
If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away.–Thoreau
|
| Sat Jul 31, 2010 8:41 am |
|
|
|
Kodiak
Silver Member
Joined: Sat Mar 21, 2009 8:43 am
Posts: 1710
Given: 1780 thanks
Received: 1305 thanks
|
Re: $50,000 Cash-What PM's Scared the heck out of me for a second.  I still wanted to add a couple of these but not at 22k a piece. Got to get them before they get that high, which is inevitable in my opinion.  By the way, Thanks for making me look at APMEX Milo. Just put more stuff in my shopping cart because of you. URGHHHHHH! 
|
| Sat Jul 31, 2010 9:48 am |
|
|
|
Milomorai
Silver Member
Joined: Sat Jun 27, 2009 7:00 pm
Posts: 1543
Location: Kansas
Given: 1669 thanks
Received: 800 thanks
|
Re: $50,000 Cash-What PM's Kodiak wrote: Scared the heck out of me for a second. I still wanted to add a couple of these but not at 22k a piece. Got to get them before they get that high, which is inevitable in my opinion. By the way, Thanks for making me look at APMEX Milo. Just put more stuff in my shopping cart because of you. URGHHHHHH! Your welcome, I got wild and crazy also and had to buy some ASE's from there. Also sorry Admiral I had an itch for silver and had to dump my 1959 to 1981 hoard of Jefferson Nickels and it added to the lunch money I've been saving. Went the check route this time instead of credit card. Probobly will have to wait forever for them to arrive, saved a whole $5 or so bucks. 
_________________
If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away.–Thoreau
|
| Sat Jul 31, 2010 11:35 am |
|
|
|
BigJim#1-8
Contributor
Joined: Fri May 21, 2010 4:55 pm
Posts: 89
Given: 256 thanks
Received: 36 thanks
|
Re: $50,000 Cash-What PM's Thanks for the responses so far. My friend went to some shops,quoted 3 3/4 % to 5% on gold,Eagles anywhere from $2-$3.25 over spot.He has some other shops to check out next week. Milo,you almost caused me to have a seizure....  GOD BLESS OUR TROOPS!!!
|
| Sun Aug 01, 2010 6:10 am |
|
|
|
Michael K
Probation Period
Joined: Fri Jul 09, 2010 12:33 pm
Posts: 3
Given: 0 thanks
Received: 2 thanks
|
Re: $50,000 Cash-What PM's BigJim#1-8,
It sounds like your friend is looking to get into precious metals purely as a means of investment and hedging against possible inflation/dollar devaluation. Assuming that’s the case, he is most likely to be concerned with his future ability of off-load his bullion whenever he sees fit (i.e. liquidity.) This being the case, I would strongly suggest getting into gold and silver bars of varying weights. As a general rule, you’ll pay a little more over spot the lower in weight you go, but when it comes time to sell, they’re usually a little easier to “get rid of.”
If on the other hand, your friend is staying away from modern bullion coins only because he doesn’t know much about them, you can assure him they are valued just as highly as their equally-weighted counterparts. What’s more, if he does spend just a little bit of time familiarizing himself with modern numismatic coins, he’s almost sure to demand a premium for his purchase in the future.
Hope this helps!
Michael K.
gainesvillecoins.wordpress.com
|
| Mon Aug 02, 2010 7:52 am |
|
|
|
BigJim#1-8
Contributor
Joined: Fri May 21, 2010 4:55 pm
Posts: 89
Given: 256 thanks
Received: 36 thanks
|
Re: $50,000 Cash-What PM's Hi Mike,
Thanks for the info.He likes Eagles,Maple Leafs etc..
He,like me doesn't like the premiums on them,just something we have to live with.He's not interested in older numismatics.I guess he wants the biggest bang for his buck.
As you said he's looking for a hedge.
Maybe I'll give you a call & see how you can help.
Thanks again.
GOD BLESS OUR TROOPS!!!
|
| Mon Aug 02, 2010 8:02 am |
|
|
G o o g l e
|
|
|
|
|
| |
|
